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KICU
Jan 14, 2013 11:30pm PST
during the fiscal cliff debate, congress allowed a temporary cut in social security taxes to expire, mean that social security taxes have increase thousand by 2%. economists anticipate the payroll increase tax hike will reduce u.s. house hold incomes by a collective $125 billion this year. >>> a another brutely cold night and into tomorrow morning. it is going to be freezing and below freezing once again. a look here at the pattern. we remain with the trough to the east of us. a ridge of high pressure to the west, but this ridge is slowly nudging east, and eventually, by midweek wednesday and lasting into the weekend, it will be overis, and that is going to bringis warmer weather. so warmer weather on the horizon, it's not going to be here in time for tomorrow morning. tomorrow morning very cold once again. lows sinking back into the 20s and 30s. if you're just joining us, freeze and frost advisories once again, freeze for our inland valley location,, that frost will be with you as you start the day, perhaps even a little bit of black ice. tomorrow morning 27 in santa rosa. upper 20
KICU
Jan 22, 2013 11:30pm PST
move out of california because of tax changes. some interpreted his remarks meaning that he's going to move out of the state. mickelson later said that he is not making plans about moving out of california and he apologized. >>> the entire dream liner fleet was grounded worldwide last week after problems with its lithium ion batteries caused an emergency landing in japan. meantime al-nippon is canceling their lines through january 28th. >>> toyota's prius is now number one in california. the prius has ended the honda civic reign as the most sold vehicle in california. according to new car dealers association almost 61,000 prius hybrids were sold last year. toyota and honda dominated car sales last year. after the prius and civic toyota's camera came in third followed by the honda accord, toyota co corolla and honda crv. >>> ktvu's tom vacar gives us a close up look at work on the bay bridge and why crews are under the gun to end early. >> the first order of business is we needed to start dismantling the damaged portions of the system. >> reporter: this time as last time the ship's o
KICU
Jan 22, 2013 4:00am PST
smaller since the first of the year. --the result of the payroll tax holiday expiring as part of the fiscal cliff deal. our cover story looks into whether its slowing the economic recovery. not counting a raise or bonus---most of us have a little less take-home pay, not more. january first, the payroll tax went back to 6.2%. "everyone forgot that it was a holiday. a lot of people thought this was the new status quo." it wasn't. and consumers are pretty direct about it. "it adds up to $900 a year. is that significant? yes." "no one likes being taxes. but you don't have a choice." now, if you make 50,000 a year..you'll pay roughly a thousand dollars more in payroll taxes for the year. every two weeks your take-home pay--roughly 36-dollars less. retailers expect it to affect consumer spending. "the likelihood is that it will. we've seen them cutback during the holidays and we expect this 'austerity' to be here for awhile until they get their 'sea-legs' under this program" but getting those sea-legs may take months. "i'm not happy about it. so has it affected your spending? yes, i'm gett
KICU
Jan 15, 2013 7:00pm PST
, but only for the new tenants. . >> homes for people, tax revenue to our schools, and it'll be a really true asset to this community. >> think of something like this: developers claim they may let a few owners remain briefly, but some boaters are daring to be evicted. paul has been here 12 years. >> i'm staying because this is the state of california, the people's property right here. >> the state lands commission may some day reopen the outer marina, but as of midnight tonight, sailors, including ken hatch and salty jack, are more or less homeless. >> boating is an adventure, and it's on to the next adventure for us. >> occupy activists say at midnight they plan some sort of civil disobedience. john fowler, ktvu channel 2 news. >>> the house passed a $50 billion measure to provide help to the victims of superstorm sandy but not without a fight. the final vote came late today, more than ten weeks after the storm. earlier conservative republicans try and had failed to cut the amount or offset the cost with spending cuts. money is slate today go to housing and repairs to transit sy
KICU
Jan 15, 2013 11:30pm PST
for the new tenants. >> homes for people, tax revenue to our schools and it'll be a really true asset to this community. >> reporter: think of something like this. developers claim they may let a few owners remain briefly but some boaters are daring to be evicted. paul suple has been here for 20 years. >> i'm staying because this is the state of california, the people's property right here. >> reporter: the state's land commission may some day reopen the outer marina but as of midnight tonight, sailors are more or less homeless. >> boating is an adventure and it's on to the next adventure for us. >> reporter: at midnight they plan some sort of civil disobedience. >> reporter: shares in apple fell today and kept falling. shared dropped below the 500 level closing at $485 at the close. that's a loss of more than 3% today and nearly 9% for the year. reports that apple has reduced orders for the iphone 5 parts have apparently scared off investors. the markets were mixed today on wall street. the dow gained 27 points the nasdaq lost six. it was dragged down by those apple shares, whi
KICU
Jan 17, 2013 11:30pm PST
their role into the new sales tax requirement. some industry experts say the new requirement helps level the playing field with brick and mortar stores. >>> designers are shopping now for train cars and expect to have bids for the first section tomorrow. california system is also teaming up with amtrak which is planning high speed trains for the east coast. the two figure the combining buying power will lead to better deals. >>> a pilot from bakers field has suffered a lawsuit after experiences brain damage from a leak. the pilot was rushed to the hospital after being found unconscious in his hotel room. the pilot accuses the hotel owner, hilton of misconduct. >>> the lithium batteries caused -- the americans are federal safety investigators and two representatives from boeing. >>> american airlines unveiled its new logo today it is the first change in 40 years. the word american appears in large letters and there are red and blue horizontal bars on the tail. another change may be coming. american is expected to decide soon if it will merge with u.s. airways. for what it's worth u.
KICU
Jan 15, 2013 4:00am PST
it: 2012, the end of the year, we didn't know where we were in taxes, people selling off lots of things, not knowing where capital gains were going to go. now that money is hot. it needs a place to go. people are not thinking interest rates are the place. they are thinking the stock market. they're looking for dividend returns and appreciation. and so far, that is what they are getting. so even on the brakes in the stock market, we are seeing new money flows - big new money flows - coming into the market now. and that will probably continue another week or two. then we'll get back to what i call more normal trading. > commodities traders are on their toes these days, especially with the crop news that has been coming in - we have drought issues, cold issues, and frost issues over in california. what is happening? > > one of the amazing things is, normally when you get a report - we did on friday on final acreage so you can figure out your supplies to a large degree, you often get a limit move one way or the other. they did this report at 11:00 in the session. brand new time. the
KICU
Jan 16, 2013 11:30pm PST
last may, but then flopped. the state took in $600 million less than estimated in tax revenue. but california didn't come away empty handed. it's still expected to take in $1.6 billion from taxes on the sale of facebook stock. >>> organizers say the maverick surf contest is on. they will be facing what could be monster waves. if you want to watch, you'll have to keep your distance. >> reporter: the surf was low today at pillar point, but these waves are expected to grow to monsters by this weekend. fed by a pacific storm, and a strong swell. jeff clark, maverick's invitational contest director says the waves are near perfect. paddle surfer denten chase says although the water seems calm today, the surf here can change quickly to produce world class waves. >> a certain size threshold. i wouldn't go out when it's really big, but i will go out in some size, yeah, and even watch from the shoulder sometimes. >> reporter: the contest was last held in 2010. big waves swept into the spectator area, seriously injurying several people. this year, the crowds will be kept off the beach and off
KICU
Jan 16, 2013 4:00am PST
election and during this tax battle, it could get even worse, because under a 2010 law, dodd-frank, public companies are supposed to disclose the relationship between what their ceo makes - that's already public information - but they are supposed to compare it and give a ratio with what their median employee, kind of the typical employee, makes. so this is something that people can compare from company to company just to see how much more - "wow, the ceo makes 300 times more than the typical worker here!" > in some companies it wouldn't be that dramatic - an investment bank, for example. but at other companies - you had mentioned earlier wal-mart - it would be a hugely divergent number. > > take goldman sachs. their ceo makes a lot of money, but there are a lot of people at goldman sachs who also make a lot of money. so the disparity wouldn't be as great maybe as wal-mart or some retailer where you have a ceo who probably makes a lot, but you have a lot of minimum-wage workers. so that is going to be a big disparity. > also in corporate governance, we are going to know a little bi
KICU
Jan 23, 2013 4:00am PST
economic development commission granted dish $2.5 million in job growth tax credits. famous for not charging fees, southwest airlines introduces a new one. passengers who can't stand the cattle call boarding process can now opt out by paying $40 to board early. southwest does not have assigned seating, and already offers passengers early check-in for $10, but this new option guarantees priority. burns caused by car seat heaters have the attention of the national highway traffic safety administration. the request for automakers to look into the issue came after usa today reported on burn injuries resulting from use of the heaters. auto industry officials are in the process of drafting recommendations. peugeot's new hybrid is riding on air - and we really mean it. the french automaker is introducing new hybrid technology that combines a conventional engine with compressed air propulsion. it's called "hybrid air." the goal is to develop a hybrid that's cheaper than existing models and takes on toyota. some costly items are getting cheaper in 2013. cnn reports that consumers can expect
KICU
Jan 18, 2013 7:00pm PST
cents sales tax on the november ballot that would have helped fund the department. >> the president of the university of california is re- signing at the end of august. he is facing health issues. he was the head of the 10 campus system nearly five years ago. it featured dozen of campus protests followed by tuition hikes. he plans to teach law at uc berkley. >> a record number of applicants for undergraduate admission. 8.6% rise in applicants from last year for a totele of nearly 175,000. that includes fresh men and transfer students. they're seeing a surge in foreign applicants up 45% and for the first time latino students are the largest in state group applying for freshman spots at 32%. >> a federal overseer says it's too soon for california to retake control of the prison mental health system. last week you'll remember that governor brown argued our state has done enough to reform the system and should be allowed to resume control. today they said too many california inmates are still committing suicide and going without treatment for mental illness. the 609 page report was written
KICU
Jan 18, 2013 11:30pm PST
chief. moore said he decided to retire after the city council refused to put a sales tax hike on the november ballot which he wanted to help fund the department. >>> university of california president mark yudolf announced today he plans to step down in august. yudolff says he's been dealing with a number of health issues and while he's overcome them he says it's time to change his professional life. he says he plans to return to uc berkeley to teach law. >>> uc berkeley says it's received a report number of applications for the next freshman class. some 67,000 people have applied. that's a 10% hike from last year when 61,000 tried to get in. freshman applicants can expect to hear if they were expected on march 28. transfer students will know on april 26th. >>> california's latest employment report shows job growth holding steady statewide while the bay area saw its best year in more than a decade. unemployment remained at 9.8% that's the same as december. the nine county region added more than 91,000 jobs that's the best annual growth in a dozen years since 2000. that's when the bay
Search Results 0 to 11 of about 12